Samual Scientific manufactures GPS devices for a chain of retail stores. (Click the icon to view information about the Magellan XS.) The budgeted and actual amounts for Magellan XS for July 2017 were as follows: (Click the icon to view the budgeted and actual amounts.) (Click the icon to view additional information.) Read the requirements TE Requirement 1. Compute the price and efficiency variances for the three categories direct materials and for direct manufacturing labor in July 2017. Begin by calculating the the price and efficiency variances for the each category of direct materials. (Do not round intermediary calculations. Round the amount you enter into the input cell to the nearest whole dollar. Label each variance as favorable (F) or unfavorable (U). For variances with a $0 balance, make sure to enter "o" in the appropriate field. If the variance is zero, do not select a label. Abbreviation used: Qty - quantity.) Actual Price Actual Input Qtyx Efficiency Flexible Costs Incurred Varlance Budgeted Price Varlance Budget July 2017 Navigation systerns Next Question Samual Scientific manufactures GPS devices for a chain of retail stores. (Click the icon to view information about the Magellar XS.) The budgeted and actual amounts for Magellan XS for July 2017 were as follows: - X More Info Reac Data Table Requ Actual Amounts hanufacturing labor The controller of the Savannah plant, Bill Webber, is disappointed with the standard costing system in place. The standards were developed on the basis of a study done by an outside consultant at the start of the year. Webber points out that he has rarely seen a significant unfavorable variance under this system. He observes that even at the present level of output workers seem to have a substantial amount of idle time. Moreover, he is concerned that the production supervisor, Jim Kader, is aware of the issue but is unwilling to tighten the standards because the current lenient benchmarks make his performance look good. Budgeted Amounts 4,100 $ 92,988 4,428 Begir favor 4,900 S 95,0BB mediary calculation variance is zero, 4,528 xible dget $ 24,600 - X Magellan XS units produced Navigation systems cost Navigation systems Polarized glass cost Sheets of polarized glass used Plastic casing cost Ounces of specially plastic used Direct manufacturing labor costs Direct manufacturing labor-hours S 21.000 840 820 July Navi More Info $ 20,705 4,141 $ 22,980 $ 1,640 S 20,933 4,361 S 23,760 1,650 Its most popular model, the Magellan XS, is assembled in a dedicated facility in Savannah, Georgia. Samual is keenly aware of the competitive threat from smartphones that use Google Maps and has put in a standard cost system to manage production of the Magellan XS. It has also implemented a just-in-time system so the Savannah facility operates with no inventory of any kind. Producing the Magellan XS involves combining a navigation system (imported from Samual's plant in Dresden at a fixed price), an LCD screen made of polarized glass, and a casing developed from specialty plastic, 0 Print Done Print Done